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A owns all of the stock of X, with a basis of $1 million. X owns $1 million cash and a hotel. X has $1 million of E&P. B wants to buy the stock of X for $5M after X has distributed the cash, but will pay $6 million for the stock without a prior distribution to A. What should A want, and why?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91625827

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